While Silicon Valley might seem like a mecca for young entrepreneurs, the city with the highest percentage of millennial business founders is actually nowhere near there — it’s Louisville, Kentucky, according to a new study from LendingTree.
For its study, LendingTree, looked at anonymized data from 35,000 business owners in the 50 largest U.S. cities who were seeking funding through its small business marketplace and compared the ages of the founders on their company’s date of origination.
LendingTree found that 44.8 percent of business founders in Louisville, Kentucky were millennials (defined by the survey as born between 1981 and 1996). The highest proportion of Gen X founders (born 1965 to 1980) can be found in in Providence, Rhode Island and Philadelphia (48.7 percent). Silicon Valley actually goes to the Baby Boomers (1946 to 1964) at 24.1 percent.
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